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Old 05-02-2007, 09:14 AM   #41
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PORTLAND: Group proposes extending railroad through Bayside
A Portland study committee has recommended a possible route to extend the Maine Narrow Gauge Railroad through the Bayside neighborhood to Hadlock Field.
The railroad currently runs along the Eastern Promenade, from Franklin Arterial to Tukey's Bridge. The recommended route would extend the railroad along the northern side of Marginal Way to Forest Avenue, then along the Interstate 295 corridor to the Sea Dogs baseball stadium.
Maine Narrow Gauge Railroad advocates have proposed extending the train's route around the entire downtown peninsula. Currently, there is no proposal before the city to extend the railroad.
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Old 06-04-2007, 09:06 AM   #42
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Developer selected for Bayside parcel

Atlantic Redevelopment offers to pay $3 million and plans to build a parking garage, offices and residences.

Portland officials have settled on a developer to buy 3.5 acres of former railroad land in Bayside and build an $18 million parking garage to revitalize the downtown neighborhood further.

Atlantic Redevelopment Co., which has built several Bayside properties, has offered $3 million for the city-owned land, which runs along Somerset Street between Pearl and Elm streets.

The pending sale is part of the city's plan to move its public works garages and two scrap-metal recycling companies from Bayside to land it bought last year on Riverside Street.

Atlantic would build a 700-space parking garage, an 80,000-square-foot office building and a 64-unit apartment or condominium building, said Lee Urban, Portland's director of planning and development.

Construction would start within two years. Each building would include street-level retail space. Atlantic may build two additional office buildings in the future.

Six companies made offers on the Somerset Street property, Urban said.

Atlantic, headed by Theodore West of Cape Elizabeth, offered the best and most complete proposal, city officials said. They said purchase offers in the other proposals are confidential.

The city already has designed and planned the garage.

CBRE/The Boulos Co. of Portland started marketing the property last year, when the firm outbid other brokers interested in the city project. The negotiations that followed were not public.

The City Council's community development committee will take a final vote at 7:30 p.m. Tuesday in Room 209 of City Hall on whether to recommend Atlantic's proposal to the full council.

The council is expected to vote June 18 on Atlantic's proposal. The council's approval would authorize city officials to negotiate a sale agreement with Atlantic and apply for a $9 million federal urban development grant to help build the parking garage.

Federal money to spur Bayside's redevelopment has been available since 2000, when Portland officials tried to attract Idexx Laboratories Inc., now in Westbrook, to the neighborhood.

The city has no recent appraisal of the Somerset Street land, said City Councilor James Cloutier, chairman of the three-member community development committee. Half of the property, located behind Wild Oats Market, is best known as a municipal snow dump.

The city acquired the former railroad land two years ago in a land swap with the Maine Department of Transportation. At the time, city officials said it was appraised at $4.5 million.

Cloutier said Atlantic's $3 million offer is a good deal for the city because West's future investment could exceed $60 million, taking into account the garage and planned office, residential and retail space. The city hoped to get at least $2.5 million.

West and his associate, James Hanley, have a good track record working with Portland officials and developing Bayside land, Urban said.

They built the AAA Building a few years ago on former city land at Marginal Way and Preble Street Extension. They built the Gorham Savings Bank/AAA office building last year at Marginal Way and Hanover Street, which included some city land. They also are building the Intermed Building on former city land at Marginal Way and Preble Street Extension.

"They're men of their word," Urban said. "If Ted says he's going to do something, it's going to get done."

Atlantic representatives could not be reached for comment.

The $3 million from Atlantic would go to The Trust for Public Land, which financed the city's $5 million purchase of the 53-acre Lucas Tree Experts property at 636 Riverside St. The wooded parcel runs along the Presumpscot River and is in an industrial area near Exit 48 of the Maine Turnpike.

In return for the trust's financial backing, the city must maintain 20 acres of the Riverside land as open space and Atlantic must create a recreational path through the Bayside land.

Thirty acres of the Riverside site are the future home of Portland's Public Works Department, which occupies four crowded acres on Hanover and Parris streets in Bayside. The city eventually plans to sell the department's current location for private development.

New England Metal Recycling, a scrap yard at Somerset and Pearl streets, has agreed to buy 13 acres of the Riverside land for $1.3 million and is expected to move there as early as this fall.

In return, the city will use federal grants and loans to pay New England Metal $645,000 for its 1-acre Bayside property and $1 million for the move to Riverside, Urban said.

The city had planned to build the parking garage on the New England Metal site, but Atlantic wants to build the garage on the section of the former railroad land closer to Elm Street, Urban said. Atlantic would own and operate the garage, which would be open 24 hours daily for commercial and residential users.

Portland officials remain hopeful that the other Bayside scrap yard, E. Perry Iron & Metal, will move to Riverside, too. The city has offered the company as much as $1.8 million for its 2-acre property and relocation costs. So far, the company has refused.

"We still have room out there if they want to come," Cloutier said.

A 2000 report called the scrap yards "the single most inhibiting factor to the successful redevelopment of Bayside."

Despite their delayed departure, the neighborhood has attracted more than $100 million in commercial and residential projects in recent year. They include a $20 million Whole Foods Market complex that opened in February between Pearl Street and Franklin Arterial and the $27 million Pearl Place, a 115-unit, mixed-income apartment complex is under construction at Pearl and Oxford streets.

The $1.3 million that New England Metal will pay for Riverside land and the $1 million that Atlantic paid for the Intermed site on Marginal Way will help repay the city's $5 million loan, including interest, from The Trust for Public Land, Urban said.

OTHER OFFERS FOR THE 3.5-ACRE BAYSIDE PARCEL
Prospectus Development would commit $6 million in equity to build a 700-space parking garage, using a $9 million federal subsidy from the city. It would build up to 300,000 square feet of commercial/residential space on 3.5 acres as tenants were found. Payment offered for the land is confidential. The city would lease the garage for $540,000 per year.


Mugar Enterprises would build a 700-space parking garage in two phases on 1 acre using a $9 million federal subsidy from the city. No payment was offered for land.


The Gottesman Co. would build a 700-space garage and a 75,000-square-foot office-and-retail building, paying nothing for 1.5 acres and using a $9 million federal subsidy from the city. Payment offered for land confidential.


Community Counseling Centers, a nonprofit, would build a 60,000-square-foot office building on one-third of an acre, with 40,000 square feet for the counseling center and 10,000 square feet of first-floor retail space. Payment offered for land was confidential.


Olympia Equity Investors withdrew from discussions because size and cost of a 700-space parking garage were higher than expected.
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Old 06-14-2007, 12:08 PM   #43
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Just talked to a representative at Downeast Realty and was informed Waterview is again picking up speed. After twice losing financing, the project is back on track with 2/3 units under contract and construction is supposed to begin in several months after final details are worked out.
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Old 06-14-2007, 06:17 PM   #44
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3rd time's a charm
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Old 06-14-2007, 11:03 PM   #45
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How on earth can they build this? Why would people with that much money want to buy condos in that crappy area instead of at the ocean gateway area? Makes no sense.
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Old 06-15-2007, 08:41 AM   #46
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Quote:
Originally Posted by grittys457
How on earth can they build this? Why would people with that much money want to buy condos in that crappy area instead of at the ocean gateway area? Makes no sense.
It's waaaay cheaper. Thw Watermark/Longfellow/Riverwalk will cost five times as much to build and prices for units start at hundreds of thousands more.
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Old 06-19-2007, 03:49 PM   #47
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Back Bay Tower goes green with Rooftop Garden

Portland High Rise Unveils Roof Top Garden

PORTLAND (NEWS CENTER) -- The owner of Back Bay Tower in Portland wants to lead the charge when it comes to creating a greener city. Joe Sherman invested more than $700,000 to create a green roof on the tower.

The roof top garden contains large areas of turf grass and trees. It also includes planter boxes around the perimeter of the roof, filled with flowers. He says one of the biggest benefits of the garden is cutting down on storm water pollution.

"When it rains there are surges in storm water," Sherman explained. "That runoff picks up contaminants from the streets and that adds to the pollution factor and we started to think about what our impact is and how we can try to lower our carbon footprint going forward. So, we said there has to be a better way to do this."

The garden officially opened Thursday night. Joe Sherman says along with the ecological benefits, the garden also gives residents a social benefit by creating a warm inviting space for them to enjoy year round.

Pictures at:
http://www.wcsh6.com/news/article.aspx?storyid=63511
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Old 08-08-2007, 03:01 PM   #48
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The scoop on Waterview:

Order 22-07/08 Order Authorizing Amendment to City Code ?14-49
(Tab 13) (Zoning Map Amendment) Amending Conditional Rezoning Agreement Passed by City Council on 1/3/05 Re: Property at 409 Cumberland Avenue - Sponsored by Councilor James F. Cloutier.

On June 7, 2005, Seaforth Housing, LLC (?Seaforth?), which owns Back Bay Tower, a 15-story, residential condominium building located at 401 Cumberland Avenue, appealed to Superior Court the Planning Board?s decision granting site plan and subdivision approval for the Waterview Project, a 12-story, 94-unit residential building to be built at 409 Cumberland Avenue. Seaforth?s primary objection was the impact of the Waterview Project on views from apartment units in the Back Bay Tower building. After denying Seaforth?s Motion to Stay the Waterview approvals, the Superior Court upheld the Planning Board?s approval for the Waterview Project on December 13, 2005. Seaforth then appealed the Superior Court?s decision to the Maine Supreme Judicial Court. After briefing, the Law Court denied the Seaforth appeal and upheld the Planning Board?s approvals by decision dated August 2, 2006.

Because of the then-pending appeals of its site plan and subdivision approvals, Waterview Development, LLC was unable to obtain financing to proceed with the construction of the Waterview Project.

At the time of the Law Court?s decision of August 2, 2006 denying the Seaforth appeal, the condominium market in greater Portland had softened significantly, making it difficult to finance the Waterview Project. Waterview Development, LLC wishes to maintain its approvals for the Waterview Project and to proceed to complete financing and begin construction as soon as the market will permit.

The site plan approval and the Contract Zone Agreement for the Waterview Project, however, will expire on August 2, 2007, one year from the Law Court?s decision. The developer will not be able to complete financing and commence construction by August 2, 2007. In addition the developer has not reimbursed the city $51,000 which he owes for the relocation of a house by the Bayside Neighborhood Association from 10 Mechanic Street to Oxford Street.

Waterview Development, LLC has asked the city to amend the Contract Zone Agreement granted to the Waterview Project to extend it until August 2, 2008, and to also extend the site plan approval for one year.

This order approves the extension of the Contract Zone Agreement and the site plan approval.

This item must be read on two separate days. It was given a first reading on July 16th. Five affirmative votes are required for passage after public comment.
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Old 08-13-2007, 08:04 AM   #49
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Waterview

I have been told that Cohen has put the parking garage (that he purchased for parking for Waterview) across the street from where Waterview would be built on the market - for sale. Does this mean that Waterview is unlikely to be built?
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Old 08-13-2007, 08:18 AM   #50
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Re: Waterview

Quote:
Originally Posted by portlandneedsnewarena
I have been told that Cohen has put the parking garage (that he purchased for parking for Waterview) across the street from where Waterview would be built on the market - for sale. Does this mean that Waterview is unlikely to be built?
no, because the info above is from a council meeting this month.
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Old 08-26-2007, 03:21 PM   #51
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Pearl Place



the lot in front should make for some nice development
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Old 08-27-2007, 07:40 PM   #52
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Thanks for the pics^! It looks like Pearl Place is coming right along....especially the 5 story segment. So what's the deal...once this phase is finished are they going to start the bigger phase 2?
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Old 09-19-2007, 09:48 AM   #53
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I think Pearl Place is just a great development for that area. It's sized very nicely.
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Old 10-03-2007, 10:08 AM   #54
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Article in the Press Herald today about funding for a new trail that goes through bayside, basically connecting the back cove, eastern prom, and deering oaks.

http://pressherald.mainetoday.com/st...38107&ac=PHnws
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Old 10-17-2007, 12:56 AM   #55
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Website is up for the student housing being built next to Intermed

http://www.baysidevillagemaine.com/
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Old 11-30-2007, 09:45 AM   #56
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Re: Portland Bayside

City on lookout for new proposal for Bayside land City on lookout for new proposal for Bayside land

The failure of a development deal forces Portland to find a new way to pay off a $5 million loan on 5.5 acres there.


By KELLEY BOUCHARD, Staff Writer November 30, 2007

http://pressherald.mainetoday.com/st...51665&ac=PHnws
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Old 12-05-2007, 08:28 AM   #57
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Re: Portland Bayside

National economic outlook hurt Bayside deal

The developer says it couldn't start building without knowing if anyone would occupy the space.


By KELLEY BOUCHARD, Staff Writer December5, 2007

http://pressherald.mainetoday.com/st...52867&ac=PHnws

Quote:
Because Atlantic decided not to buy the land on Somerset Street, Portland officials have little more than a year to find another way to pay off the $5 million mortgage. If the city fails to sell the railroad land in time, taxpayers would have to pick up the tab.
Looks like we might end up with a Wal Mart or a 1-story stip-mall instead of a utopian urban development.
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Old 12-06-2007, 07:18 AM   #58
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Re: Portland Bayside

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Originally Posted by Corey View Post

Looks like we might end up with a Wal Mart or a 1-story stip-mall instead of a utopian urban development.
see today's editorial
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Old 12-06-2007, 08:57 AM   #59
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Re: Portland Bayside

Thanks for the heads up.

I just don't want the entire area to be covered with whole-foods and their big parking lots. I totally understand and support Atlantic's view of not wanting to pour all this time, effort, and money into projects with no set tenants.

The Intermet building looks quite grand, and at 110,000 square feet (twice the size of the AAA building) I wonder how many more buildings of this size we could support at this point. The city was pushing for an 80,000-10,0000 square foot building within the next few years and that does seem like a very optomistic outlook on demand in that area.

I think Unum should build a nice highrise in the area so I can walk to work every day. :-) The main campus in Portland totals 968,000 square feet plus a few additional buildings down the road total 103,900. If we put that all in a new skyscraper it would reach a decent height. :-P
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Old 01-02-2008, 06:39 PM   #60
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Re: Portland Bayside

Updates as of 1/1/08








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